Business
AMP investors still bullish on break-up despite offer – The Australian Financial Review
AMP’s confirmation of the offer sent its languishing share price soaring, but shareholders maintain the company won’t survive in its current form.
The offer came in response to a “portfolio review” initiated by AMP chairman Debra Hazelton in September after the shock departure of chairman David Murray over the company’s handling of sexual harassment allegations against senior executives, revealed by the Financial Review.
The review is being run by investment banks Credit Suisse and Goldman Sachs and may recommend a change in AMP’s mix of assets, with a potential break-up of the company a possibility.
It is understood that Ares’ offer is for…
-
General18 hours agoBali scooter crash victim Keanu Neilsen’s surgery could cost more than $100,000
-
Noosa News22 hours agoOprah Winfrey Is Getting Chatting in Australia and NZ in 2025 on Her First Down Under Tour in a Decade
-
Noosa News15 hours agoFormer Channel Nine reporter Benjamin McCormack facing dozens of child abuse material charges in Brisbane
-
Noosa News12 hours agoTerminal evacuated at Brisbane Airport, significant delays expected